The reason that the Community of Madrid accelerates its indebtedness is not the “heavy inheritance” of the crisis, it is the recurrent and structural annual deficit of the public accounts, which is not of “cyclical” origin, because it is maintained even in times of crisis. GDP growth of more than 3% per year. It has fiscal causes. The deficit presented by the Community is due to the reduction in tax revenues due to the Inheritance and Donations Tax and the Wealth Tax. A few tax gifts that take more advantage of a few thousand wealthy locals.

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